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Thursday, October 08, 2015

Told Ya So (Municipal Borrowing)

http://market-ticker.org/akcs-www?post=230766

I've had people in the so-called financial industry, and their captive media, scoff at me when I explain exactly how the so-called "economic growth" we've posted up over the last 30 or so years has been a scam -- and more-importantly, why it cannot continue.
To recap the reason for all of this (and the ramp in the markets over the same 30 year period) is this:

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